US oil inventories rise 4.5 mln barrels last week

01/06/2023 Argaam
Oil tanks

Oil tanks

US crude oil inventories rose against expectations in the week ended May 26, while gasoline stocks declined during the same period.

 

Crude oil gained 4.5 million barrels last week, versus expectations of a decrease of 1.38 million barrels, data from the US Energy Information Administration (EIA) showed.

 

US gasoline inventories fell by 200,000 barrels during the same week, while distillate stocks increased by 1 million barrels.
 

US Crude & Derivatives Inventories (mln barrels)

Type

Last Year

Last Week

Current

Weekly Change

Crude oil

414.7

455.2

459.7

+4.5

Gasoline

219.0

216.3

216.1

(0.2)

Distillates

106.4

105.7

106.7

+1.0

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